Sprint Takes Additional Workforce Reduction Charge

Sprint will take an additional charge of about $105 million for the quarter that ended Sept. 30 for severance and “related costs” tied to a workforce reduction plan, said the company in an SEC filing. The carrier said it had already reported a $160 million charge for the quarter because of workforce reduction costs. Analysts said last week that Sprint faces a long period of rebuilding under new CEO Marcelo Claure (see 1411040039).